https://www.taxtmi.com/caselaws?id=305494 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeal. It ruled that the assessee was eligible for additional depreciation on embroidery machines as the embroidery process resulted in a commercially different product. Additionally, the disallowance of 20% of certain expenses was deemed unwarranted as they were necessary for the business's day-to-day operations. The Tribunal dismissed the appeal in its entirety. en-us Fri, 13 May 2011 00:00:00 +0530 Wed, 07 Dec 2022 11:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305494 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeal. It ruled that the assessee was eligible for additional depreciation on embroidery machines as the embroidery process resulted in a commercially different product. Additionally, the disallowance of 20% of certain expenses was deemed unwarranted as they were necessary for the business's day-to-day operations. The Tribunal dismissed the appeal in its entirety. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305494